Society Pass (SOPA) Projected to Post Quarterly Earnings on Tuesday

Society Pass (NASDAQ:SOPA) is expected to issue its results before the market opens on Tuesday, May 19th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $2.72 million for the quarter.

Society Pass Stock Down 3.5%

Shares of NASDAQ:SOPA opened at $0.36 on Tuesday. The company’s fifty day moving average is $0.51 and its two-hundred day moving average is $1.36. Society Pass has a 12-month low of $0.32 and a 12-month high of $6.28. The company has a market cap of $2.75 million, a P/E ratio of -0.15 and a beta of 1.80.

Analysts Set New Price Targets

Several analysts have issued reports on SOPA shares. Weiss Ratings downgraded shares of Society Pass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Zacks Research raised shares of Society Pass from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.50.

Institutional Investors Weigh In On Society Pass

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Society Pass by 43.3% in the fourth quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after purchasing an additional 14,547 shares in the last quarter. XTX Topco Ltd bought a new stake in Society Pass in the second quarter worth $31,000. Finally, HRT Financial LP bought a new stake in Society Pass in the fourth quarter worth $350,000. 3.09% of the stock is currently owned by institutional investors.

About Society Pass

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.